Axesstel Secures $2.25 Million Term Loan

Axesstel Secures $2.25 Million Term Loan

Three Year Term Loan Supplements Working Capital

SAN DIEGO, April 3, 2013 (GLOBE NEWSWIRE) -- Axesstel (OTCQB:AXST), a leading
provider of wireless voice, broadband access and connected home solutions to
the worldwide telecommunications market, announced that it has secured a three
year $2.25 million term loan with Silicon Valley Bank. The company entered
into an amendment of its $7.0 million accounts receivable credit facility to
include provision of the term loan.Additional details concerning the
amendment and the term loan are contained in the company's Current Report on
Form 8-K filed with the SEC.

Patrick Gray, chief financial officer of Axesstel, said, "The addition of this
term loan is one more step in the company's drive to improve its working
capital position.Teaming with Silicon Valley Bank, we have been able to
significantly reduce our cost of borrowing on our accounts receivable credit
facility, and have now secured this term loan to expand our capital base, all
without dilution to our stockholders."

"We are pleased to extend this term loan to support the growth of Axesstel's
business," said Frederick "Buzz" Kreppel, senior relationship manager for
Silicon Valley Bank. "We appreciate that Axesstel has chosen Silicon Valley
Bank for its banking needs, and that we have this opportunity to extend our
relationship with the company."

About Axesstel, Inc.

Axesstel (OTCQB:AXST) is a leading provider of wireless voice, broadband
access and connected home solutions for the worldwide telecommunications
market. Axesstel's best in class product portfolio includes phones, wire-line
replacement terminals, 3G and 4G broadband gateway devices, and security alert
systems. Its products are used for voice calling, high-speed data access and
connected home management services. The company has supplied millions of
devices to leading telecommunications operators and distributors in over 50
countries worldwide. Axesstel is headquartered in San Diego, California. For
more information on Axesstel, visit

The Axesstel, Inc. logo is available at

About Silicon Valley Bank

Silicon Valley Bank ( is the premier bank for technology, life
science, cleantech, venture capital, private equity and premium wine
businesses. SVB provides industry knowledge and connections, financing,
treasury management, corporate investment and international banking services
to its clients worldwide through 28 U.S. offices and six international

Silicon Valley Bank is the California bank subsidiary and the commercial
banking operation of SVB Financial Group. Banking services are provided by
Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB
Financial Group is also a member of the Federal Reserve System.

© 2013 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of
Axesstel, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: With the exception of historical information, the statements set forth
above include forward-looking statements relating to market penetration and
conditions, product capabilities and the timing of new product introductions
which may affect future results and the future viability of Axesstel.Axesstel
wishes to caution readers that actual results could differ materially from
those suggested by the forward-looking statements due to risks and
uncertainties and a number of important risk factors. Those factors include
but are not limited to the risk factors noted in Axesstel's filings with the
Securities and Exchange Commission, including the need for additional working
capital; economic and political instability in developing markets served by
Axesstel; unforeseen manufacturing difficulties, unanticipated component
shortages, competitive pricing pressures and the rapidly changing nature of
technology and frequent introductions of new products and enhancements by
competitors; the competitive nature of the markets for Axesstel's products;
product and customer mix; Axesstel's need to gain market acceptance for its
products; dependence on a limited number of large customers; potential
intellectual property-related litigation; Axesstel's need to attract and
retain skilled personnel; and Axesstel's reliance on its primary contract
manufacturers.All forward-looking statements are qualified in their entirety
by this cautionary statement, and Axesstel undertakes no obligation to revise
or update this press release to reflect events or circumstances occurring
after this press release.

CONTACT: Investor Relations Contact:
         Cathy Mattison
         (415) 433-3777

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